Michael Grade attempts to convince the City that ITV's woes are at an end. P7Obituary: BBC politics producer Gareth Butler. P40GCap Media agrees to open its books to Global Radio. P44Johnston Press is hit by the economic slowdown. P48

DAILY TELEGRAPH

Michael Grade says ITV has turned the corner. Business P2Channel Five returned to profit in 2007. Business P2GCap Media agrees to open its books to Global Radio. Business P3Johnston Press says 2008 has got off to a tough start. Business P4Yahoo! nominates new directors to its board. Business P5

THE TIMES

Michael Grade comes out fighting. P43Global Radio is given another three weeks to agree a deal to take over GCap Media. P45Yahoo! attempts an alternative to takeover by Microsoft. P49The BBC is launching an Arabic channel. P51

FINANCIAL TIMES

Michael Grade says his turnaround strategy for ITV is well ahead of expectations. P17Johnston Press admits worries about the economy have affected advertising. P19GCap Media says it will work with Global. P19Yahoo extends deadlines for director nominations. P25

DAILY MAIL

A BBC reporter is caught trying to board a plane with cannabis in his suitcase. P13The Duchess of York is to help people lose weight for a TV programme. P23ITV serves up its worst results since the 2004 merger. P81GCap Media opens its books to Global Radio. P81

A BBC journalist has been fined for trying to smuggle drugs on a plane. P6ITV bosses will have their bonuses slashed because on the phone-ins fiasco. P16The BBC is planning a Hotel Babylon spinoff. P27Gavin & Stacey is snapped up by US network NBC. P27

DAILY STAR

The Duchess of York is to help people lose weight for a TV programme. P20Producers are looking for three presenters to replace Dermot O'Leary on Big Brother's Little Brother. P20

WALL STREET JOURNAL EUROPE

RTL Group net profits fall 37 per cent. P6

AND FINALLY ...

Channel 4 is developing a reality show in which people who like wearing fur are sent out to hunt, kill and skin animals, before turning their trophies into coats. The show will have the provocative title of Kill It, Skin It, Wear It. The Sun's verdict? 'Just, Don't, Watch, It.'